Utkarsh CoreInvest Limited - Unlisted Shares
Fundamentals
- Current Price
- ₹220
- Market Cap
- ₹2,186.50 Cr
- ISIN
- INE396P01040
- Face Value
- ₹10
- P/E Ratio
- 6.63
- EPS
- 33.19
- P/B Ratio
- 0.75
- Book Value
- 292.9
- Debt / Equity Ratio
- 1.20
Key Financials
Profit & Loss
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| Revenue from Operations | 3140.36 | 2744.77 | 1977.62 | 1695.98 | 1352.91 |
| Growth % | 14.41% | 38.79% | 16.61% | 25.36% | 45.07% |
| Operating Expenses | 1159.71 | 881.71 | 677.97 | 591.59 | 424.92 |
| Growth % | 31.53% | 30.05% | 14.60% | 39.22% | -8.17% |
| Operating Profit | 1980.65 | 1863.06 | 1299.65 | 1104.39 | 927.99 |
| Op. Profit Margin % | 63.07% | 67.88% | 65.72% | 65.12% | 68.59% |
| Other Income | 243.18 | 193.42 | 117.18 | 86.25 | 64.2 |
| Interest Expense | 1298.16 | 1024.71q | 799.3 | 762.52 | 589.53 |
| Depreciation | 108.89 | 74.23 | 82.55 | 59.00 | 48.81 |
| Impairment on financial instruments | -378.37 | -226.14 | -453.85 | -332.78 | -77.53 |
| Profit Before Tax | 438.41 | 731.40 | 81.13 | 36.34 | 276.32 |
| Tax | 108.57 | 177.59 | 18.91 | 10.8 | 73.8 |
| Tax % | 24.76% | 24.28% | 23.31% | 29.72% | 26.71% |
| Profit After Tax | 329.84 | 553.81 | 62.22 | 25.54 | 202.52 |
| Growth % | -40.44% | 790.08% | 143.62% | -87.39% | -327.96% |
| PAT % | 10.50% | 20.18% | 3.15% | 1.51% | 14.97% |
| Diluted EPS | 33.19 | 55.88 | 6.31 | 2.60 | 20.69 |
Company Financials
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| Short Term Loans and Advances | 17650.00 | 13548.79 | 9943.41 | 7925.35 | 6563.33 |
| Cash & Cash Equivalents | 3029.05 | 2516.69 | 1871.96 | 1170.48 | 1616.04 |
| Other Financial Assets | 3927.60 | 2983.25 | 2434.80 | 2439.68 | 1278.35 |
| Total Financial Assets | 24606.65 | 19048.73 | 14250.16 | 11535.51 | 9457.72 |
| Fixed Assets (incl. WIP) | 535.94 | 545.00 | 471.64 | 359.91 | 295.71 |
| Other Non Financial Assets | 200.85 | 121.96 | 210.24 | 154.00 | 69.82 |
| Total Non Financial Assets | 736.79 | 666.96 | 681.88 | 513.91 | 365.54 |
| Total Assets | 25343.44 | 19715.69 | 14932.04 | 12049.42 | 9823.26 |
| Borrowings | 3490.45 | 2726.56 | 2198.76 | 2227.87 | 3012.30 |
| Other Financial Liabilities | 18911.11 | 14877.91 | 11171.33 | 8465.56 | 5714.18 |
| Total Financial Liabilities | 22401.56 | 17604.47 | 13370.09 | 10693.43 | 8726.48 |
| Tax Liabilities (Deferred and Current) | 9.70 | 8.37 | 0.00 | 0.87 | 0.00 |
| Provisions | 13.00 | 12.04 | 5.84 | 6.49 | 5.02 |
| Other Non-Financial Liabilities | 8.09 | 14.34 | 11.48 | 8.98 | 8.98 |
| Total Non-Financial Liabilities | 30.80 | 34.75 | 17.32 | 16.34 | 14.00 |
| Equity Capital | 98.70 | 98.42 | 98.33 | 97.64 | 97.39 |
| Reserves | 2812.38 | 1978.04 | 1446.30 | 1241.97 | 985.60 |
| Total Equity | 2911.09 | 2076.46 | 1544.63 | 1339.61 | 1082.99 |
| Equity + Liabilities | 25343.44 | 19715.69 | 14932.04 | 12049.42 | 9823.26 |
Shareholding Pattern
- NMI Frontier Fund KS, Norway
- 7.80%%
- British International Investment PLC (Formerly known as CDC Group PLC)
- 13.90%%
- Faering Capital India Evolving FUND II
- 7.76%%
- RBL Bank Limited
- 9.83%%
- Others
- 60.71%%
Strengths & Weaknesses
Strengths
- Strong Financial Position: Utkarsh Coreinvest Limited has a robust financial position with a net worth of ₹850.49 crore as of March 31, 2024, indicating a strong financial health and stability.
- Process-Centric Services: The company offers process-centric banking and microfinance services, which ensure reliability and efficiency in service delivery.
- Technology-Enabled Platform: Utkarsh Coreinvest leverages technology to enhance its services, making them accessible and user-friendly, which is crucial in the digital age.
- Extensive Network: The company has significantly expanded its operations, boasting 888 banking outlets, 320 ATMs, and 612 micro ATMs across 224 districts of 22 states and 4 union territories, providing a broad geographical presence and enhanced accessibility to customers.
Weaknesses
- Limited Market Presence: The company may have a limited geographical presence, which could restrict its growth potential.
- Competition: Operating in a highly competitive banking and finance sector, Utkarsh Coreinvest faces stiff competition from established players.
About Utkarsh CoreInvest Limited
Utkarsh CoreInvest Limited (formerly Utkarsh Micro Finance Limited) is the parent company of Utkarsh Small Finance Bank. Utkarsh Micro Finance began operations in September 2009 to offer financial and non-financial services to underserved communities, helping those with skills but lacking capital.
Board of Directors
- Mr. G. S. Sundararajan - Non- Executive Independent Director, Chairperson of the Board
- Mr. Aditya Deepak Parekh - Nominee Director
- Mr. Suman Saurabh - Managing Director & CEO
- Mr. Atul - Independent Director
Senior Management
- Mr. Suman Saurabh - Managing Director & CEO
- Mr. Harshit Agrawal - Chief Financial Officer
- Mr. Neeraj Kumar Tiwari - Company Secretary & Compliance Officer
